Legislation Details

File #: R-123-26    Version: Name:
Type: Resolution Status: Passed
File created: 8/31/2026 In control: Metro Council
On agenda: 9/24/2026 Final action: 9/24/2026
Title: A RESOLUTION APPROVING THE BUDGET AND ECONOMIC IMPROVEMENT PLAN FOR THE LOUISVILLE DOWNTOWN MANAGEMENT DISTRICT FOR THE PERIOD JANUARY 1, 2027, THROUGH DECEMBER 31, 2027 (AMENDMENT BY SUBSTITUTION).
Sponsors: Ken Herndon (D-4)
Attachments: 1. R-123-26 V.2 FABS 092426 Downtown Management District Budget and Improvement Plan.pdf, 2. R-123-26 ATTACH Updated Appendix A - 2027 EIP and Budget.pdf, 3. R-123-26 V.1 091026 Downtown Management District Budget and Improvement Plan.pdf, 4. R-123-26 ATTACH Appendix A - 2027 EIP and Budget.pdf, 5. 2027 EIP Presentation 9-14.pdf, 6. Handout - R. Fleischaker 9-15.pdf, 7. RES 080 2026.pdf

RESOLUTION NO. __________, SERIES 2026

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A RESOLUTION APPROVING THE BUDGET AND ECONOMIC IMPROVEMENT PLAN FOR THE LOUISVILLE DOWNTOWN MANAGEMENT DISTRICT FOR THE PERIOD JANUARY 1, 2027, THROUGH DECEMBER 31, 2027 (AMENDMENT BY SUBSTITUTION).

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SPONSORED BY:  COUNCIL MEMBER HERNDON

 

                     WHEREAS, the Louisville Downtown Management District (“District”) is established pursuant to LMCO Chapter 160, Sections 160.01-160.98 (“Ordinance”) which provides for the financing of economic improvements that specifically benefit privately-owned property within the District; and

                     WHEREAS, the Board of Directors for the District have developed a budget for the period from January 1, 2027, through December 31, 2027, (“Budget”) and economic improvement plans (“Plan”) as required by the Ordinance; and

                     WHEREAS, the Board of Directors have submitted the Budget and Plan as attached hereto as Updated Appendix A; and

                     WHEREAS, a public hearing to solicit public comments did occur on September 15, 2026, prior to Council’s review and approval of the budget.

NOW, THEREFORE, BE IT RESOLVED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT AS FOLLOWS:

 

                     SECTION I:                       That as required by the Ordinance, a public hearing was held for the purpose of soliciting comments upon the Budget and the Plan.

                     SECTION II:                       That the Budget and the Plan are approved as attached.

                     SECTION III:                      That this body directs the Board of Directors of the District to publish the Budget and the Plan pursuant to KRS Chapter 424.

                     SECTION IV:                     That this Resolution shall take effect upon its passage and approval or otherwise becoming law.

                     

_______________________________ Sonya Hayward Metro Council Clerk

_____________________________ Brent Ackerson President of the Council

 

 

 _______________________________ Craig Greenberg Mayor

 _____________________________ Approval Date

 

APPROVED AS TO FORM:

 

Michael J. O’Connell

Jefferson County Attorney

 

 

BY:  ____________________________

 

R-123-26 Resolution for Budget and Econ. Improvements for Lou. Dwtn Mgmt Dist (8-31-26) (ab)

APPENDIX A

 

 

Louisville Downtown Management District

 

2027 Budget & Economic Improvement Plan